Mixed-Use Property with Commercial
For Sale
Contact for pricing
3337 Division Street, Los Angeles, CA 90065
The building combines commercial and residential areas in a flexible mixed-use layout.
Property Size2,082 SF
Lot Size0.05 Acres
Price / SF$455.81
Days on Market58
Property Features for 3337 Division Street
General Information
Standard status
Active
Size
2,082 SF
Lot size
0.05 Acres
Property subtype
Retail, Mixed Use
Zoning
C1-1VL
Occupancy
100%
Investment Type
Owner/User
Net Operating Income
$33,200
Building Details
Year Built
1923
Year Renovated
1985
Buildings
1
Stories
1
Units
2
Tenancy
Multi
Listing Agency:
Avenue I Real Estate Inc.
Listed By:
Steven Williams · License #01460826
Source:
Crexi
Added: Jul 3
Changed: Aug 29
Last Checked: Aug 29 at 7:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Avenue I Real Estate Inc.
Investment Insights
Based on property information with market context.
Located at 3337 Division Street in Los Angeles, this mixed-use property contains approximately 2,082 square feet of commercial and residential space on a 2,168-square-foot lot. Public records identify the asset as a combination of commercial, office, and residential uses.
The layout accommodates both portions within one property, offering a configuration for combined occupancy or separate use of the commercial and residential areas. C1-1VL zoning is reported, and the building dates to 1923.
The layout accommodates both portions within one property, offering a configuration for combined occupancy or separate use of the commercial and residential areas. C1-1VL zoning is reported, and the building dates to 1923.
Key Highlights
- Approximately 2,082 SF of commercial and residential space
- 2,168 SF lot
- Commercial, office, and residential mixed‑use classification
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$49,419
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$988,380
$988.4K
Cap Rate 7%
$705,986
$706.0K
Cap Rate 9%
$549,100
$549.1K
Market Conditions
NOI Build-Up for 2,082 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$80.9K $38.88/SF
− Vacancy
−$15.1K −$7.23/SF
EGI
$65.9K $31.65/SF
− OpEx
−$16.5K −$7.91/SF
NOI
$49.4K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$988,380
Cap Rate 7%
$705,986
Cap Rate 9%
$549,100
Alternative Uses
Best Use
Office B
$706.0K
$617.7K – $823.7K
NOI $49,419 @ 7.0% cap · market cap 5.21%
Second Best
Retail
$690.2K
$604.0K – $805.3K
NOI $48,317 @ 7.0% cap · market cap 5.09%
Theoretical Best
Multifamily LT 5
$42.18M
$36.91M – $49.21M
NOI $2,952,605 @ 7.0% cap · market cap 311.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
Explore this area
Business Placement
Demographics for 90065, CA
44,328
Population
17,197
Households
2.6
Avg Household Size
39
Median Age
40%
College-Educated
81%
High-School Grad
5.5 sq mi
ZIP Area
8,060
Density / Sq Mi
$92,903
Median Household Income
$45,850
Median Earnings
$1,774
Median Rent
$1,043,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The building combines commercial and residential areas in a flexible mixed-use layout.
Where is this mixed-use property located?
The property is located at 3337 Division Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Approximately 2,082 SF of commercial and residential space; 2,168 SF lot; Commercial, office, and residential mixed‑use classification
